XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 25, 2010
Current Assets    
Cash and cash equivalents $ 80,900 $ 44,706
Short-term investments 27,944 23,266
Trade accounts receivable, less allowance of $6,591 and $5,324 368,377 307,350
Other receivables, including advances to independent contractors, less allowance of $5,384 and $5,511 53,263 23,943
Deferred income taxes and other current assets 21,308 21,652
Total current assets 551,792 420,917
Operating property, less accumulated depreciation and amortization of $145,804 and $137,830 142,146 132,649
Goodwill 57,470 57,470
Other assets 57,041 72,846
Total assets 808,449 683,882
Current Liabilities    
Cash overdraft 25,905 24,877
Accounts payable 163,307 137,297
Current maturities of long-term debt 17,212 22,172
Insurance claims 76,624 40,215
Other current liabilities 48,065 53,785
Total current liabilities 331,113 278,346
Long-term debt, excluding current maturities 115,130 99,439
Insurance claims 27,494 31,468
Deferred income taxes 34,135 23,662
Equity Landstar System, Inc. and subsidiary shareholders' equity:    
Common stock, $0.01 par value, authorized 160,000,000 shares, issued 66,602,486 and 66,535,169 shares 666 665
Additional paid-in capital 165,712 169,268
Retained earnings 947,156 844,132
Cost of 19,882,289 and 18,674,902 shares of common stock in treasury (813,684) (763,182)
Accumulated other comprehensive income 727 881
Total Landstar System, Inc. and subsidiary shareholders' equity 300,577 251,764
Noncontrolling interest   (797)
Total equity 300,577 250,967
Total liabilities and equity $ 808,449 $ 683,882